Textile exports particularly in case of cotton fabric, bed wear, towels and readymade garments dwindled during January-May 2006.
Government’s ban on tent exports after the earthquake and cheaper cotton compared with PSF were responsible for decline in exports of tents and synthetic textiles respectively.
Due to stiff competition from India, China and Bangladesh, all added up to stall exports.
Further, the anti-dumping duties imposed on bed linen by the EU at 13 percent until May, though reduced to 5.8 percent, is yet to be realized.
Mounting costs of oil and gas are likely to affect margins of textile companies for the near future.
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